LIBERTY Steel Group has signed an agreement to purchase the Dongbu steel plant and associated equipment from South Korean steel company KG Steel. The Dongbu plant in Dangjin in South Korea comprises of: two modern, Consteel 160t electric arc furnaces; two single strands, vertically-curved Thin Slab continuous casters; and a Hot Strip Mill. The plant has an installed liquid steel capacity of 3 million tonnes per annum and a finished steel products capacity of 2.85 million tonnes per annum.Technical studies conducted by LIBERTY indicate that the Dongbu plant has the potential to perform at the highest standards in the sector against KPIs including CO2 emissions, energy efficiency, cost, operational flexibility and product range.Pending final technical assessment and further diligence, LIBERTY intends install the equipment at its Galati plant in Romania. This will enable the business to transition to highly efficient low carbon electric arc furnace operations several years faster than previously planned and at significantly lower cost compared with alternative options analyzed.
LIBERTY Steel Group has signed an agreement to purchase the Dongbu steel plant and associated equipment from South Korean steel company KG Steel. The Dongbu plant in Dangjin in South Korea comprises of: two modern, Consteel 160t electric arc furnaces; two single strands, vertically-curved Thin Slab continuous casters; and a Hot Strip Mill. The plant has an installed liquid steel capacity of 3 million tonnes per annum and a finished steel products capacity of 2.85 million tonnes per annum.Technical studies conducted by LIBERTY indicate that the Dongbu plant has the potential to perform at the highest standards in the sector against KPIs including CO2 emissions, energy efficiency, cost, operational flexibility and product range.Pending final technical assessment and further diligence, LIBERTY intends install the equipment at its Galati plant in Romania. This will enable the business to transition to highly efficient low carbon electric arc furnace operations several years faster than previously planned and at significantly lower cost compared with alternative options analyzed.
